Free Money
Before we speak about how to make your casino bonus work for you, let’s have a quick look at how casinos make their money. The casino always has the house edge and to best explain what the house edge is, let’s take a look at Roulette as it offers the best example of how house edge actually works. Roulette is the most popular and played table casino games, players can choose various sections to place their chips and they can bet on single numbers or a group of numbers. The player can also bet on a colour to win, either red or black. If the ball lands on either red or black the player will win. Choosing one or the other number means that the player stands a 50% chance of winning, sounds fair, but actually, it isn’t as simple as that. There are an equal number of red numbers on a Roulette wheel as there are black, but there’s also a green zero. If a player stacks their chips on red or black and the ball lands on the green, the player loses all their chips, and here we can see that the green zero is the casinos’ house edge.
The Roulette wheel is made up of 18 red numbers, 18 black numbers and one green number. When you’ve bet on red or black thinking you have a 50/50 chance of a win, consider this: The chance of the ball landing on either red or black is 48.65% (100/18) x 37.
Wagering Requirements
In a simple calculation, we established one-way casinos have the house edge and make their money. When an online casino offers, for example, a $€50 bonus for your $€10 euro deposit, there’s usually Wagering Requirements that have to be met before the cash can become yours, in this instance let’s say the wagering is 24 x. The challenge for the player is to play through their deposit and bonus 24 times, this means they’ll have to keep playing until they reach a monetary value of the bonus and deposit times 24, in other words, $€60 x 24 = $€1440. The bonus can be yours to withdraw but only when you achieve $€1440 in wagers.
Wagering requirements are very easy to fulfil, especially when you have every slot game at your disposal, but choosing the correct slot game makes all the difference. Usually, the slot’s payout percentages are an average of 95% or higher and some slots even have a Return to Player Rate of 99%. The slot game Ocean Princess by Playtech has a payout is 99,1%, meaning that wins from the slot game should be around 99.10 for every $€100 wager. The casino’s house edge on this slot is 0.9% and by playing Ocean Princess with your $€10 deposit and $€50 bonus, you’ll give the casino $€10.80 and still make a total profit of $€39.20. Although theoretically, the numbers make sense on paper, there is still the risk that you could be unlucky and lose your deposit and bonus before meeting the Wagering Requirements, or you could be lucky and win the jackpot with a few spins.
No Deposit Bonus
The most lucrative bonus a casino can offer you is a No Deposit bonus or No Deposit Free Spins bonus, and just like every other casino bonus, every casino places a different worth on the bonus. You could be offered as little as No deposit 5 Free Spins or No deposit 10 Free Spins or as many as No Deposit 20 Free Spins or even No Deposit 100 Free Spins, and usually free spins can be played on popular slots like Starburst. Often the casino will want to promote one of their newest games and so they offer their clients the opportunity of a No Deposit Free Spin bonus purely to test a new casino game. An example of this is the slot game Boom Galaxy, an outer space adventure slot game. Recently online casinos offered 50 Free Spins on Boom Galaxy with no deposit required. Often online casinos work with their software developers and are able to come up with very lucrative and generous bonuses, for example at Microgaming casinos, you can find treasured bonuses like 500 Microgaming Free Spins and 100 or 200 NetEnt Free Spins.
Although the No Deposit bonus is targeted at people that don’t normally play at online casinos, existing clients also get the chance to reap the rewards of the No Deposit bonus.
Keep coming back to our Bonus pages for the best offers online and you could start your gambling adventure with 50, 80 or even up to 500 No deposit Free Spins.
Deposit Bonus
The Deposit Bonus is often offered as a percentage match. In other words, you’ll make a deposit and the casino will match your deposit by 100% or more or less. Match deposit bonuses work by matching your deposit and usually these bonuses can only be fulfilled on the slots, scratch cards, keno or other lottery-type games. You could receive a 50 deposit bonus or a 100 deposit bonus but either way, bonuses remain the best way to double or even triple your initial deposit.
Free Cash
When free cash is offered as a No Deposit bonus, it’s usually not a massive amount but enough for the player to explore the site and try a few casino games, completely on the house.
Cashback
As a generous gesture of goodwill, some casinos offer a Cashback percentage on all losses incurred on a particular day. The daily losses are calculated and a small percentage is re-deposited into the player’s account
How To Win Money From Free Spins
The first step to winning real money with free spins is by playing at an online casino that is regulated and licensed by a reputable Gaming Commission. This is because a lot of online casinos offer free spins but playing at an online casino that is regulated and licensed means that you’ll be in safe hands.
You can easily get your hands on free spins. Either register at an online casino that offers a No Deposit free spins bonus and once you’ve registered, your free spins will be waiting for you in your account. The advantage of a No Deposit Free Spins bonus is that you’re playing for free and not risking your own money, and still, get the chance to make real money from the No Deposit Free Spins, but there’s also a downside. These types of bonus offers are usually small and you’ll rarely get more than $€10 to $€25 but still, it gives you a chance to make some cash.
The other way to get free money is from accepting a Welcome Bonus that offers bonus cash and free spins. Rarely, but they do exist, casinos will hold play promos and you get the chance to spend 100 or 200 on the slots, but only for an hour! In that hour you can play the slots and try and win as much as possible.
But whether you accept a No Deposit casino bonus and free spins, or any casino bonus, making money from your free spins requires a strategy. Study the slots offered by the casino before you begin spinning, have a look at the paytable to see what kind of unique features the game offers. There’s logic in looking for slot games that offer great payouts and tons of features like Wilds, Scatters and bonus games within the game itself. Free spins are always a good way to make real money from the slots, you can multiply your deposit with free spins and have more money to stake on games with a higher payout.
These days, almost every online casino offers a Welcome Bonus to motivate new players to sign up rather than see them go to another online casino. With a little bit of strategy and careful playing, the casino bonus can easily be converted into withdrawable cash.
Summary
Can you turn a casino bonus into real cash? Absolutely! The very first you’ll have to begin doing is checking the small print of the Terms and conditions! It’s tedious but when you want to start playing with casino bonus money, understanding what the Wagering Requirements are, knowing how long before the bonus expires and being absolutely in the clear about which games you’ll be allowed to play will make all the difference.
The best slot games to fulfil your playthrough requirements are those that have a high Return to Player Rate and offer a great bonus round. Hit a couple of decent free spin rounds with multipliers and you’re te steps closer to beating the house and cashing out. If you have the possibility of playing one of these slot games to meet your wagering, give it a go! They are slot games with a Return to Player Rate and offer tons of money-making features: Football Rules and Halloween Fortune by Playtech, Fruit Warp by Thunderkick, Simsalabim and Jack Hammer by Playtech and Greedy Goblins by Betsoft.
Good luck and keep your eyes on our bonus pages for more No Deposit Free Spins!